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Mortgage Fraud a Problem, Even in Housing Downturn: FBI
Servicing/Default | May 14, 2008

The Federal Bureau of Investigation said late Tuesday that mortgage fraud looked to be a rampant problem during 2007, with the number of mortgage fraud Suspicious Activity Reports... full story »

Mortgage Applications Increase on Refis; Purchase Apps Drop
Origination | May 14, 2008

The Mortgage Bankers Association said Wednesday morning that its Market Composite Index of mortgage application activity rose 2.9 percent to 674.4 for the week ended May 9; applications... full story »

No Respite, Yet: US Foreclosures Rise 65 Percent in April
Servicing/Default | May 14, 2008

Foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 243,353 properties in April, a 4 percent increase from March’s... full story »


More Coverage

the buzzpost
  • Greenspan says housing's bottom in sight: None other than Alan Greenspan told investors yesterday that housing prices should bottom out in 2009. The blurb at MarketWatch on Wednesday: U.S. home prices will likely bottom out in early 2009 after the market absorbs excess ...
  • Who's bailing out whom?: In the secondary market, things can change in an instant. One minute, its hedge funds bailing out banks. The next, it's banks bailing out hedge funds. Bloomberg takes a look Wednesday at -- surprise! -- a ...
  • Burning down the house: Talk about ruining the mojo for a classic 80s tune: CNBC on Monday took a look at a growing trend of arson among troubled homeowners, either looking to get back at a lender they feel ...
  • HOAs feeling foreclosure's pain: The WSJ's Personal Journal puts rubber to the road for homeowners' associations, many of which are feeling the heat from increased foreclosures. Take Denver's Monaco Place, for example: The association at Monaco Place, a community of ...
  • Dizard on Countrywide, BofA, and hazy recollections: The Financial Times' John Dizard writes Tuesday that the Countrywide/Bank of American marriage that's been the subject of quite a bit of hand-wringing recently will go through, despite grandstanding by Congressional Democrats: It's too early for ...
  • Toll blames media for housing's demise: Luxury homebuilder Toll Brothers reported operating results through April on Tuesday morning, and the tally shows that the housing mess is far from over. Some highlights: Revenue of approximately $817.9 million, down 30 percent from one ...
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